a. List the following steps of accounting cycle in the sequence in which they would normally be performed. Prepare a trial balance. Journalize and post the closing entries. Prepare financial statements. Post transaction data to the ledger. Prepare an adjusted trial balance. Make end-of-period adjustments. Journalize transactions. Prepare an after-closing trial balance. b. Identify ways in which the information produced through the accounting cycle is used by a company's management and employees. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Evaluate the efficiency of operations. Establish accountability for assets and transactions. ? Preparation of financial statements. ? Maintain a documentary record of business activities. Help make business decisions.